Port Harcourt, Nigeria
Property prices · 2024 · Africa
Property price trend in Port Harcourt (2024–2026)
Property comparison — cities in Nigeria (2024)
Other Africa cities (2024)
Frequently asked questions
How much does property cost in Port Harcourt in 2024?
In Port Harcourt, the average price per sqm in the city centre is NGN 420,000, and NGN 275,000 outside the centre (2024 data). Prices have risen 65% since 2024.
How much is rent in Port Harcourt in 2024?
A 1-bedroom apartment in Port Harcourt rents for approximately NGN 120,000 per month in 2024. A 3-bedroom apartment costs around NGN 195,000/month.
Is it better to buy or rent in Port Harcourt?
Buying and renting are roughly comparable in Port Harcourt. The price-to-rent ratio is 17.0x — it would take approximately 17.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 22.50%.
What are mortgage rates in Nigeria in 2024?
The average mortgage rate in Nigeria is approximately 22.50% as of 2024. With a price-to-rent ratio of 17.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Port Harcourt?
The average property price per square metre in Port Harcourt city centre is NGN 420,000 in 2024. Outside the centre, expect to pay around NGN 275,000/sqm.